MMA Capital Management announced that, effective January 1, 2019, the company will convert from a limited liability company to a Delaware corporation and will change its name to MMA Capital Holdings. This conversion was approved by the company's shareholders on November 20, 2018, and, upon its completion, the company will continue to trade on the NASDAQ Capital Market under the ticker symbol "MMAC."

MMA Capital Management announced a series of transactions that were entered into for the purpose of making more capital available to fund its renewable lending investments. In particular, MMAC reduced its investment in the leveraged bond portfolio through the termination of 15 total return swap agreements that had a total notional amount of $102.6M and sold one multi-family tax-exempt bond and one subordinate certificate interest in a multi-family tax-exempt bond. In addition, the Company terminated a pay-fixed interest rate swap agreement that had a notional amount of $65M. Upon settlement of all of these transactions, which will have a minimal net impact on common shareholders' equity, the Company will receive $14.1M, plus accrued interest. The portion of such net proceeds that is attributable to the Company's TRS and other bond interests reflects the realization of a 5.0% premium above the unpaid principal balance of such TRS and bond interests. The Company also expects to complete at least two additional dispositions from its leveraged bond portfolio in January 2019 as part of the planned redeployment of capital. These transactions are further discussed in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on December 21, 2018.

MMA Capital announced that an affiliate of Hunt Companies has exercised Hunt's option as set forth in the Master Transaction Agreement dated January 8, 2018 between the Company and Hunt to take assignment of the Company's commitment to acquire the LIHTC business of Morrison Grove Management, pursuant to the Purchase and Sale Agreement dated as of the 8th day of January, 2018. As a result of the Company's assignment of the MGM PSA and Hunt's closing thereunder, the Company will recognize an increase in common shareholders' equity of approximately $14.2M in the fourth quarter, or approximately $2.32 per share based on our diluted shares outstanding at June 30, 2018. The assignment of the MGM PSA and Hunt's closing thereunder completes the Company's disposition of its LIHTC business. In connection with the closing, the Company completed a series of additional transactions completing the disposition of MGM related assets. Those additional transactions included the acquisition by Hunt from the Company of a $9M senior loan for $9.4M, a loan that we had previously acquired from an affiliate of MGM. In addition, the Company acquired $10M in Hunt notes from the MGM principals, for $5M in cash and $5M in a Company note. This purchase has the effect of increasing the principal balance of the Company's existing note from Hunt from $57M to $67M. The Company note to the MGM principals is payable quarterly in arrears, bears an interest rate of 5.0% and has a varying amortization schedule that fully amortizes the note by its maturity date of January 1, 2026.

MMA Capital Management, through its wholly-owned subsidiary MMA Energy Capital, reported the buyout of Renewable Developer Holdings, one of the partners in the company's solar ventures, for a purchase price of approximately $5.1M. As a result of the buyout of RDH, the Company is now the sole owner of Renewable Energy Lending. The Company and affiliates of Fundamental Advisors LP, a third party alternative asset manager, are co-investors in three other solar joint ventures which will continue to make and hold solar loans. The Company's investment in its renewable energy lending portfolio, which was $86.1M at March 31, 2018, increased by $5.1M as a result of the transaction. Additional details about the transaction are available in the Company's Current Report that was filed on Form 8-K with the SEC on June 4, 2018.

Management holds a conference call to provide a business news update and discuss the financial results included in the Company's 2017 Annual Report on Form 10-K filed with the SEC, on March 19 at 8:30 am. Webcast Link

Management holds a conference call to provide a business news update and discuss the financial results included in the Company's 2017 Annual Report on Form 10-K filed with the SEC, on March 19 at 8:30 am. Webcast Link